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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

The Murky Waters Of A GM IPO

July 6, 2010 4:32 am | by Rachel Beck, AP Business Writer

NEW YORK (AP) — Think back to what seemed to be a lifetime ago — like a whole three years — and you'd be hard-pressed to find someone who didn't have GM stock in some part of their portfolio. It was one of the most widely held stocks in the world, and one of the world's best-known brands.

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Laid-Off Bobcat Workers Don't Miss Their Jobs

July 6, 2010 4:30 am | by Christopher Bjorke, Associated Press Writer

BISMARCK, N.D. (AP) — Six months later, there is no boss and no time clock and the sun is overhead, instead of a factory roof. "I love the freedom. The biggest thing is I'm in control of my own destiny," said Dale Lang, a former Bobcat employee who now works for himself, running a lawn care business.

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Obama Grants $2 Billion For Solar Manufacturing

July 6, 2010 4:29 am | by Julie Pace, Associated Press Writer

WASHINGTON (AP) — The U.S. government is handing out nearly $2 billion for new solar plants that President Barack Obama says will create thousands of jobs and increase the use of renewable energy sources. Obama announced the initiative in his weekly radio and online address Saturday, saying the money is part of his plan to bring new industries to the U.

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120-Year-Old Steam Locomotive Revived

July 2, 2010 6:44 am | by Ed Marcum, Associated Press Writer

KNOXVILLE, Tenn. (AP) — A 120-year-old steam locomotive that spent 55 of those years sitting out in the weather at Chilhowee Park will be back on the tracks this weekend for the first time since 1953, hauling passengers for the Three Rivers Rambler train excursion. Locomotive No. 154 will make its first run in 57 years at 11 a.

Manufactured Goods Decline 1.4 Percent In May

July 2, 2010 6:40 am

WASHINGTON (AP) — Orders to U.S. factories declined broadly in May after nine straight months of gains. The Commerce Department says orders for manufactured goods decreased by 1.4 percent in May. It was the biggest drop since March 2009. Excluding the volatile transportation sector, orders fell by 0.

F-Series Still Top-Selling Vehicle, Foreigns Strong

July 2, 2010 5:52 am

DETROIT (AP) — Automakers released June U.S. sales figures last Thursday. These were the top-selling vehicles, as well as the percent change in sales from June 2009. Vehicle June 2010 sales Percent change Ford F-series 46,502 29.5 percent Chevrolet Silverado 30,994 25.

ArcelorMittal: Forget The Law, No Guns At Our Mills

July 2, 2010 5:47 am | by Charles Wilson, Associated Press Writer

INDIANAPOLIS (AP) — A new state law that went into effect on Thursday allowing employees to keep guns locked and out of sight in their vehicles while parked at work caused some confusion as the Indiana Chamber of Commerce weighed the possibility of a legal challenge. One steel company told workers at two northwestern Indiana mills that they were not permitted to bring guns onto its property despite the new law.

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Wind Power Is Still Possible, Just Think Small-Scale

July 2, 2010 4:58 am | by Steve Everly, Associated Press Writer

KANSAS CITY, Mo. (AP) — If Abigail Stutzman has anything to say about it, small wind turbines will someday dot backyards across the Midwest. The fifth-grader at Starside Elementary School in De Soto has an interest in the environment, including helping to recycle much of her family's trash.

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The Blind Driving The Blind

July 2, 2010 4:38 am | by Ken Thomas, Associated Press Writer

WASHINGTON (AP) — Could a blind person drive a car? Researchers are trying to make that far-fetched notion a reality. The National Federation of the Blind and Virginia Tech plan to demonstrate a prototype vehicle next year equipped with technology that helps a blind person drive a car independently.

Toshiba To Build Batteries For Future Mitsubishi EVs

July 2, 2010 4:32 am | by Yuri Kageyama, AP Business Writer

TOKYO (AP) — Japanese electronics maker Toshiba Corp. said Friday it's jumping into the battery business for electric vehicles in a development deal with Mitsubishi Motors Corp. It's the first EV battery deal with a major automaker for Toshiba, which already makes batteries for laptops and cell phones, said company spokesman Ken Shinjo.

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GM: China A Better Market Than The U.S.

July 2, 2010 4:30 am

SHANGHAI (AP) — General Motors Co. says its first-half sales of vehicles in China overtook the U.S. for the first time amid a fitful recovery in American demand. The 1.21 million GM-brand vehicles sold in China in January to June — a near 50 percent gain over a year earlier — compared with 1.

Unemployment Drops, Manufacturing Pitches In

July 2, 2010 4:29 am | by Christopher S. Rugaber, AP Economics Writer

WASHINGTON (AP) — A wave of census layoffs cut the nation's payrolls in June for the first time in six months, while private employers added a modest number of jobs. The unemployment rate fell to 9.5 percent, its lowest level in almost a year. Employers cut 125,000 jobs last month, the most since October, the Labor Department said Friday.

Jackpot Winners Won't Quit Working For Chrysler

July 2, 2010 4:27 am | by John Seewer, Associated Press Writer

CURTICE, Ohio (AP) — A year ago, William Shanteau and his 13 co-workers at a Detroit auto plant were worried their jobs could be gone at any moment. Now they're all millionaires after winning a share of last week's $96.9 million Powerball drawing. Most of the group from the paint shop at a Chrysler plant that makes Jeep Grand Cherokees still plan to keep working, Shanteau said Thursday after working a 12-hour shift.

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Indiana Manufacturer Battles Guns-At-Work Law

July 1, 2010 12:06 pm

INDIANAPOLIS (AP) — A northwestern Indiana steel company is disregarding a new state law that lets workers bring their guns to work, while other businesses are weighing a possible legal challenge. A memo to ArcelorMittal workers in East Chicago and Burns Harbor says that federal law pre-empts the state law and that the company will strictly enforce its firearms ban.

Indiana Manufacturer Battles Lifted Handgun Ban

July 1, 2010 12:06 pm

INDIANAPOLIS (AP) — A northwestern Indiana steel company is disregarding a new state law that lets workers bring their guns to work, while other businesses are weighing a possible legal challenge. A memo to ArcelorMittal workers in East Chicago and Burns Harbor says that federal law pre-empts the state law and that the company will strictly enforce its firearms ban.

Seafood Supply Chains Jump 'Sideways' To Avoid Gulf

July 1, 2010 11:00 am | by Michael Hill, Associated Press Writer

GREEN ISLAND, N.Y. (AP) — At the Carioto Produce and Seafood warehouse, shrimp from India and Vietnam stock the freezer, while a refrigerated aisle is stacked with bags of clams from Rhode Island, cockles from New Zealand, a fresh 5-pound fillet of lane snapper from Nicaragua and mahi-mahi from Ecuador.

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Makeup Can't Cover Manipulation In L'Oreal Case

July 1, 2010 10:59 am | by Angela Doland, Associated Press Writer

NANTERRE, France (AP) — Judges on Thursday postponed a highly awaited trial on whether a schemer manipulated France's richest woman out of euro1 billion ($1.2 billion) after secret recordings emerged suggesting the L'Oreal heiress was evading taxes by keeping millions in Swiss bank accounts. The recordings have implications that reach beyond the trial, shaking the highest echelons of power in France and embarrassing the government — in part because the wife of a leading minister worked for the company managing Liliane Bettencourt's fortune.

P & G To Make Fashionable Diapers

June 30, 2010 5:04 am | by Dan Sewell, AP Business Writer

CINCINNATI (AP) — The Procter & Gamble Co. is aiming to make disposable diapers fashionable. Popular designer Cynthia Rowley has designed 11 styles of Pampers, including pastels, stripes, madras and ruffles. P&G says they'll be offered in Target Corp. stores beginning in mid-July.

Sony Recalls 535,000 Overheating, Warping Laptops

June 30, 2010 4:57 am

TOKYO (AP) — Sony Corp. said Wednesday that it has started providing free software updates to more than half a million users worldwide to fix a glitch that could cause overheating in its popular VAIO laptops. So far, no injuries have been reported, but the Tokyo-based electronics company said it has received a total of 39 problem reports, including 26 in the U.

Boeing Acquires Combat Firm For $775 Million

June 30, 2010 4:47 am

ST. LOUIS (AP) — Boeing said Wednesday it has agreed to acquire combat engineering firm Argon ST Inc. for about $775 million in cash in a deal to expand its capabilities in intelligence gathering and warfare. Argon ST is a Fairfax, Va., company that develops a variety of systems used in surveillance, reconnaissance and combat.

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